The requirements for assessing the valuation of goodwill subsequent to the acquisition have significantly changed over the
Question:
The requirements for assessing the valuation of goodwill subsequent to the acquisition have significantly changed over the years, most recently with the option to perform qualitative assessments prior to the commencement of the two-step impairment test followed by a fair value reporting limit to its carrying amount. The evaluation of goodwill requires significant judgment and this authoritative literature is accompanied by significant implementation guidance. The standard surrounding goodwill provides students the opportunity to:
1. obtain a further understanding of the related concepts learned from textbooks
2. sharpen your research skills
3. apply judgment in a relevant scenario Assume you are asked to research the financial statement issues surrounding goodwill.
Making Hard Decisions with decision tools
ISBN: 978-0538797573
3rd edition
Authors: Robert Clemen, Terence Reilly